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Muthopay is building a payment stack for South & South East Asia with an eye on Africa for the millennial youths, women & immigrants who are often unserved and underserved. Muthopay is based out of Dhaka, has gone through one local accelerator (Toru Institute-Sankalita Shome), a pre-revenue startup, burnt $50,000 in cash & credits, has a handful customer base & 30,000 registered offline merchant points across Bangladesh, securing three licenses (PSP = Wallet, PSO = Gateway, NBFI = Loan) from Regulatory Authority Of Bangladesh to offer a mobile wallet, a payment gateway, remittance, individual & merchant credits and a marketplace. Its current market is Bangladesh and the immediate next market is India.
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